News Gmail Netflix Soreasc Services will be Balaclean you sign in Quizlet BUNG D2L Top Hat eBook Show Me How Calculator Sale Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 42 units at $85 10 29 units 15 Purchase 54 units at $89 20 Sale 31 units 24 Sale 9 units 30 Purchase 31 units at $94 The business maintains a perpetual Inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, If units are in Inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Goods Sold Unit Cost column and LOWER UN cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Purchases Unit Purchases Total Quantity Cost of Goods Sold Unit Cost of Goods Sold Total Inventory Inventory Unit Inventory Total Date Purchased Cost Cost Sold Cost Cost Quantity Nov. Cost 1 o o Nov. 10 . 15 o 10000 0001 C o Nov 20 o Previous Next > Check My Work 3 more Check My Work uses remaining Ema Instructor Save and Exit Submit Assignment for Grading All work saved